Increasing Opportunities for Small Businesses Act of 2020

Summary

Increasing Opportunities for Small Businesses Act of 2020 This bill requires the Small Business Administration (SBA), through specified offices, centers, and programs, to train and educate field representatives on investments in areas designated as qualified opportunity zones. Opportunity zone designation is an economic development tool that facilitates investment in distressed areas to spur economic growth and job creation in low-income communities. Field representatives shall (1) serve as the point of contact for questions and resources on such investments, (2) educate local elected leaders on such investments, and (3) hold an annual seminar in each state to provide education on how to benefit from such investments. The SBA must submit an annual report on the efforts of the field representatives.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 August 2020

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• Introduced in House (PDF)

  Introduced in House · EN · 28 August 2020

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• Introduced in House

  summary · EN · 28 August 2020

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